New currency - the Altyn

"In May 2014, presidents of Russia, Kazakhstan and Belarus will sign an agreement on the establishment of the Eurasian Economic Union. Sections 9 and 11 the agreement, the draft of which is available on the official website of the Russian Ministry for Economic Development, are devoted to the joint monetary policy and financial markets. During the first stage, it is planned to set up an advisory board of the heads of central banks of participating states. The banks would be responsible for the rate of national currencies, regulation of banking and insurance activities and the harmonization of the securities market.

According to the Moskovsky Komsomolets newspaper that cited a source in the Eurasian Economic Commission, the document stipulates for the establishment of the Eurasian Central Bank - the supranational megaregulator of the joint currency. The Eurasian Central Bank will be subordinated to the council of presidents or prime ministers of the EEU.

The name of the new joint currency has been supposedly coordinated - altyn. The new currency is likely to be introduced not later than in 2025, although international economic sanctions against Russia may cut the process to 3-5 years."

http://english.pravda.ru/russia/economics/10-04-2014/127325-russia_kazakhstan_belarus_new_currency-0/

Note:  "Altyn" means gold in some languages.